State-owned Estonian energy company Eesti Energia is planning to build a 225MW pumped hydro energy storage facility, as part of a wider push to become independent of Russian energy.

SPAC Mustang Energy PLC is increasing its effective stake in CellCube to around 25% while a company launching a vanadium mine project in Australia has injected US$3.5 million in a new flow battery maker.

Australian startup MGA Thermal has bagged around US$1 million in government funding for a 5MWh thermal energy storage project while Israel-based Brenmiller Energy has inaugurated a 1MWh unit in Brazil.

Global battery energy storage system (BESS) integrator Fluence is setting up a new contract manufacturing facility in Utah to serve the US market.

The Inflation Reduction Act took a significant step forward over the weekend as US vice-president Kamala Harris cast a decisive vote.

Nidec ASI, the Italy-based industrial solutions division of Japanese conglomerate Nidec Group, will provide EPC services for a 50MW battery energy storage system (BESS) project in Northern Ireland.

Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

Developer Black Mountain Energy Storage (BMES) has sold 700MW of development-stage projects to UBS Asset Management, its third substantial sale in the Texas, ERCOT market in two months.

Broad Reach Power is the latest US battery storage industry player to announce US$100 million or more in financing over the past few weeks.

Another edition of our news in brief from the energy storage industry focusing on the bustling UK market.